N.J. Stat. § 17:17B-4
Securities held in investment account; transactions made in ordinary course of business; exemption
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
Cite this
- Citation
- N.J. Stat. § 17:17B-4, Securities held in investment account; transactions made in ordinary course of business; exemption, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443597
- Permanent ID
ys:prov:1443597@1- SHA-256
f6f7cb3fec7a2ddc0a63ca38f215be4a78af0edde706762878ebec65ffb7508c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The provisions of section 2 of this act shall not apply to any purchase and sale, or sale and purchase, and the provisions of section 3 of this act shall not apply to any sale, of an equity security of a domestic stock insurance company not then or theretofore held by him in an investment account, by a dealer in the ordinary course of his business and incident to the establishment or maintenance by him of a primary or secondary market (otherwise than on an exchange as defined in the Securities Exchange Act of 1934) for such security. The commissioner may, by such rules and regulations as he deems necessary or appropriate in the public interest, define and prescribe terms and conditions with respect to securities held in an investment account and transactions made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.